The Eastern Cape Automotive Industry Development Centre (AIDCEC) has warned that the 15% electricity tariff increase, effective from April 1, will slam the brakes on the South African automotive supply chain's drive to achieve greater levels of global competitiveness. The AIDCEC says rising input costs could stunt growth in terms of volumes, particularly in exports, which, in turn, would make it difficult for the automotive sector to achieve its targets in terms of inclusiveness, localisation and job creation.
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